Update on Waterside Villas
Towards the end of 2019, TCS brought an exciting offer to its client base: Waterside Villas, a townhouse development near the lake facing the yacht club in Whitby. This project was a fast seller among TCS clients and for good reason. Today, as we are closer to seeing these units close at end of 2021 and in early 2022, the valuation on these units is between $1 million and $1.1 million.
You may recall that participants in this deal purchased a unit for just over $800,000 with an average deposit of 7.5% or $60,000. Therefore, the expected ROI (cash-on-cash) at the time of closing will be between 333 and 500%. Not bad for two years! As always, we are delighted on behalf of all our clients that bought into the Waterside Villas offer. We are also proud that TCS deal structures continue to outperform other investment choices in today’s market.
For our Waterside Villas clients that purchased four units versus the standard two-unit minimum, congratulations on a seven-figure gain! We are proud to have brought this opportunity to your attention. Let the good times roll forward as we collaborate on more opportunities together knowing that the TCS founders, Simon and John, are side-by-side investors in the deals we bring forth to all our clients.